Ingredion Incorporated (NYSE:INGR) Declares Quarterly Dividend of $0.82

Ingredion Incorporated (NYSE:INGR) announced a quarterly dividend on Friday, December 12th. Stockholders of record on Friday, January 2nd will be given a dividend of 0.82 per share on Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, January 2nd.

Ingredion has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Ingredion has a dividend payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ingredion to earn $11.82 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 27.7%.

Ingredion Stock Performance

Shares of INGR traded down $0.54 during mid-day trading on Wednesday, reaching $110.66. 49,746 shares of the company’s stock were exchanged, compared to its average volume of 559,721. The stock has a market capitalization of $7.03 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.90 and a beta of 0.72. The business’s fifty day simple moving average is $110.35 and its 200-day simple moving average is $122.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.75 and a quick ratio of 1.79. Ingredion has a 52-week low of $102.31 and a 52-week high of $141.78.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.90 billion. Ingredion had a net margin of 9.07% and a return on equity of 18.14%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. On average, equities research analysts expect that Ingredion will post 11.14 earnings per share for the current year.

About Ingredion

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.